Math Problem Statement
A manufacturing company monitors the downtimes on its key fabricating machines. Data for the downtimes on one particular machine are given in the accompanying data table. Assuming that the downtimes are exponentially distributed, use the data to find the probability that a specific downtime will exceed
0.90.9
minuteminute.
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Part 1
The probability that a specific downtime will exceed
0.90.9
minuteminute
is
enter your response here.
Solution
To find the probability that a specific downtime will exceed minutes, assuming that the downtimes follow an exponential distribution, we can use the exponential probability density function (PDF). The formula for the probability that a downtime exceeds a certain value is given by:
Where:
- is the rate parameter of the exponential distribution.
- is the specified downtime, in this case, minutes.
Step 1: Estimate
The rate parameter can be estimated as the reciprocal of the mean of the observed downtimes. To proceed, we would need the data table to calculate the mean downtime and find .
If you provide the data, I can help you calculate the mean downtime and complete the rest of the solution.
Would you like to upload the data table for further analysis?
Here are some related questions you might find useful:
- How do we calculate the mean for an exponentially distributed variable?
- What is the relationship between the rate parameter and the mean in exponential distribution?
- How does the exponential distribution model waiting times in real-world processes?
- How can we estimate if we don't have complete data but know the average downtime?
- Can the exponential distribution be used to model any type of data?
Tip: Exponential distributions are useful for modeling the time between independent events that happen at a constant average rate, such as machine failures or downtimes.
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Math Problem Analysis
Mathematical Concepts
Probability Theory
Exponential Distribution
Formulas
P(X > x) = e^(-λx)
Theorems
Exponential Distribution Theorem
Mean and Rate Parameter Relationship
Suitable Grade Level
Undergraduate
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